Venture capital firm Innogest Sgr has held the first close of its Innogest Capital II, at €50m.
The fund, which aims to hold the final close at 140m, will focus on investing in high-growth potential startups in the fields of ICT-Digital and medical devices.
The firm intends to back from 3 to 5 companies a year.
Innogest recently launched Ipgest, an Italian state-backed fund dedicated to improve the economic use of intellectual property rights. (read here).
Led by Claudio Giuliano, the firm is based in Turin, Milan and Padua.